Tuesday, June 14, 2011

Benefits And Drawbacks Of Bakken Oil Field Production

The Bakken Oil field is the largest known reserve of light crude oil in North America. There are both pros and cons of developing this field and extracting the oil there.

Ready? Then let's start. First the Pro, in favor of/in support of:

The number one point in support for bakken oil field production is going to be that quite a bit of oil is likely to be produced and extracted from this field. Some experts believe the reserves may contain as much as 19 billion barrels of oil, and might produce 2 million barrels per day by 2035..

bakken

A 2nd point in favor could well be the significant effect that will have on world oil prices, and consequently the prices consumers pay for a wide array of products. Nearly everything currently produced either uses petroleum for it's production, or is at the very least transported or manufactured with oil..

A 3rd favorable point is The vast number of jobs the oil field is likely to create. During these tough economic times, the areas around the Bakken oil field have one of the lowest rates of unemployment in the country..

A fourth big benefit is The injection of money into the national economy. Two million barrels a day at current prices is a gross income of two hundred billion dollars for the companies extracting the oil..

And last (but not necessarily least) we have the 5th point in support of extracting oil from the Bakken field: it will help to relieve of us dependence on foreign oil, and the resulting insecurity that creates in terms of national security..

And on the other side, for balance, the Con side, against:

The primary point against bakken oil field production is that it continues our dependence on petroleum in general, as opposed to exploring and seriously developing other sources of energy, such as renewables..

The second point in contra will be the controversial fracking technology that is used to extract the oil.

The third point in contra will be It will increase oil consumption, and consequently the effects on global warming that are a result of the greenhouse gasses released..

Your fourth point against is developing the Bakken Oil field is that oil production in general can be quite environmentally destructive. .

Fifth and finally, last point in contra shall be that it will only delay the inevitable point in time when we will be required by circumstances to reduce our consumption of fossile fuels..

So there we have all the arguments for each side.

So, who won? What are we able to conclude? Is bakken oil field production more good than bad? or maybe more bad than good?

We now have a "Yes" answer to both questions! Bakken oil field production is a combination of good and bad... Your reader must determine which side, the good or the bad, outweighs the other...